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Dogecoin (DOGE) Sees TVL Fall to 2023 Lows Amid ‘Black Monday’ Sell-off
The crypto market has been in a state of turmoil, as major tokens and memecoins have seen significant declines in their value. As a result, the total value locked (TVL) of Dogecoin (DOGE) has plummeted to its lowest levels since 2023.
Despite the poor performance of other DeFi assets, including memecoins like Shiba Inu, which declined by 10.09% over the past day, DOGE surprisingly defied expectations and saw a decent price increase of 3.49%. This unusual performance has left many investors wondering if there is still hope for DOGE’s future prospects.
However, it’s important to note that Dogecoin’s TVL has not been spared from the market downturn, as its value has fallen drastically over the past day. The sharp decline in price and liquidity has made it difficult for traders and investors to participate in the market.
While some may view this performance as a contrarian buy signal, others believe it is merely a temporary reprieve before the asset resumes its downward trajectory.
Source: https://u.today/dogecoin-doge-sees-tvl-fall-to-2023-lows-amid-black-monday-sell-off
